Monthly Archives: <span>September 2008</span>

Residents in Gustav-damaged Mississippi Counties OK’d for Aid

Residents in three Mississippi counties — Hancock, Harrison and Washington — are approved for individual disaster assistance as a result of damages from Hurricane Gustav which struck the state on Labor Day. The Federal Emergency Management Agency said that Gov. …

Consumer Groups Urge California to Approve Auto Repair Fraud Legislation

The Center for Auto Safety, Consumer Action and Consumers Union are united in urging California Gov. Arnold Schwarzenegger to sign Assembly Bill AB 2825, designed to protect motorists from auto body repair fraud. The legislation was passed by a strong …

California Department of Insurance Recognized for Information Technology Improvement

The National Association of Chief Information Officers (NASCIO) has awarded the California Department of Insurance third place in the 2008 Recognition Awards for Outstanding Achievement in the Field of Information Technology in State Government. “The California Department of Insurance is …

Union General Insurance Offers Public Auto Market

Concord, Calif.-based Union General Insurance has an “A+” admitted carrier offering a variety of programs to address public auto exposures. The program can handle accounts up to 10 units. Public auto classes include limo, day care, airport and hotel shuttles …

Ohio Wind Storm Damage Estimates Could Top $500 Million

Damage caused by the wind storm that ripped across Ohio Sept. 14 could hit $500 million or higher, making it one of the state’s costliest natural disasters. The Ohio Insurance Institute says $500 million is a preliminary figure and it …

Dozens of Mississippi Cottages Condemned after Gustav

In Mississippi, Donnell Landtroop’s state-supplied cottage has mold on the walls and dried mud on the floor — the foul remnants of Hurricane Gustav, the second hurricane in three years to leave her family homeless. The Labor Day storm ruined …

Allen Joins Woodruff-Sawyer & Co.

San Francisco-based Woodruff-Sawyer & Co. announced that James R. Allen has joined the company to focus on client consultation in the areas of business and individual life and disability insurance. Allen has more than 35 years of consulting experience, helping …

Wall Street Bailout Bill Leaves Pricing Questions Wide Open

The nitty-gritty of pricing and buying troubled assets under the proposed U.S. government bailout of Wall Street would be left up to the Treasury Department, under draft legislation released Sunday. In a key issue swirling around the $700 billion bailout …

President Bush: Bailout Helps Protect Economy from Breakdown

President Bush said Sunday the $700 billion financial bailout being finalized by Congress would help protect the U.S. economy from a “system-wide breakdown” and expressed confidence it would be approved quickly. “This plan sends a strong signal to markets around …

President Clinton Spotlights LeapFrog, First Microinsurance Firm

At the Clinton Global Initiative Annual Meeting last week in New York City, former President Bill Clinton announced the launch of LeapFrog Investments, the world’s first investment firm to focus on the insurance needs of low-income people. Its founders say …